CHARtrY NUMBER 221927 SHERIFFS. & RECORDER'S FUND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 PIARCH 2025 JCA Accountants 12 Bramble Rise Cobham Surrey KT112HP
SHERIFFS. & RECORDER'S FUND CONTENTS PAGE YEAR ENDED 31 MARCH 2025 cop¥rEKrs PAGE Generdl information Amnual Report Of Trustees Indgpendenl E¥8minerfs R8Fth to the Trnstees Slatemgnt of finan(Yal actNities Balance sheet Notes to the finanoal statements 8-16
SHERIFFS & RECORDER'S FUND GENERAL IP4FORMATION Reglstered Charfty name SheTrlts' & ReCetr5 Fund Charity numbèr 221927 Trustèès Hilary. Lady Russel- Chatf Jonathan Bewes Alastair C(Alett- Honorary Solicttor Kate Fenwek William Makower Chris Thcrfnas- HorKJrary Treasurer Pregid•nts Aldem)8n Sheriff Grewry Jones Sheriff DavKI Chalk Vlce Pmident HHJ Mark Lucraft KC. The Recorder of London Advisory Council Trish Atsjams {London PrOtIon Service) Davi(J Barrett Hannah Constantin1 Reverend Jo Davies Penrose Halson exarvjra HayKdrd Elspeth Hughes-Penney Glenn HuTStfiekl Gary Laroley Nikki Meinertzhagen Emma Reddiffe HH Peter RrKJk KC Indepandent Examlngr JCA Accountants 12 Br3rnble Rise Cobharn Surrey KT11 2HP Bankprs Bars Bank PIC Investment managers Rathtry)ne Investment Management LFmtte(J 8 Finsbury Cinxhs LoTh)n EC2M 7AZ
SHERIFFS. & RECORDER'S FUND ANNUAL REPORT OF THE TRUSTEES YEAR ENDED 31 IAARCH 2025 The TTUStees present their rert and the fwncyal slatem8nts of ts Charity for the year ended 31 March 2025. REFERENCE AND ADMINISTRATIVE DEfAILS RefenGe and administrative detsifs are shown in the of gonwal Inflion on page 1 of the financsal statements. THE TRUSTEES The Trustees who served the Chanty during the year a Sho on page 1. STrUCTURE, GOVERNANCE AND MANAGEMENT Governing documenl The Charity is COntrled by its goveming dccumenL a deed of tDJsl dated 17 February 1981 las amervjedl. and nsIrtUted as an Unirp0rated Charity. The rules ofthe Charity were most rety updat&J ¢XE 16 Juty 2012. Rl$k managgment The Tnjstees have a duty to identify 8nd VW Ihe risks to whith th8 Charity is exrx)sed and to ensure eppropriale contro[5 are in place to wowde reasonabk assu[ar againsi fraud and effor. The Trustees have implnented a risk management strategy whth an annual review of the ri%ks which the Charity may fa the eslablishment of systems and proce(Jures to mibgale those risks vknich indude the approval of all purchase invceS by a Tnjstee prior to payment. All cheques over £500 are signed by a Trusts8 the imptem8ntsts.on of prrKedures d8sigwJ to minimise any potenal impact of Ihe risks on the Charity should any of those risks materialis8 the Fund has an Advtsory Counal whh nts Itffee times a year and which acts as support to the Trustees the Fund's investments are managed by a fwm of professional investment Manage and oversegn by the Trustees who regu18ty meet wilh the inveslment managers. Ra¢rultm•nt and Tralnlng ol Trustees The Charivs Trustees and Adwsory Counal are e18Cted at the Annual General MeetiThJ each ye8r. They are selgctsd on Ihe basis of Ihw el¥ibility. Fwsonaj (thnpelenc aThJ sk)8cFalist sklSs. OBJECTIVES AND ACTMTIES The objectives of the Charity are lo provKle supFx)rt to those on probation and to the families of serving prisoners in the Gater metroptIon Area of L0ndc. This indudes educational skills and traini for serving prisoners and prisoTr leavefs. AJI granis are made through the WObati seNice. or through social rkers. or other tharitsb organisations. Public Benefrt The objects of the Chartty ale lo improve Ihe Pro$ and OprtaInl8$ of leavws within the Gater Metropolitan Area of London. This is achieved by making grantsto assist individuals into settling back into socrety. The Chanty has complied with sedton 145lb} of tho Charittes Act 2011 to have due regard lo the guidance published by the Charities CoThiission. Grant maklng pollcy Thg Charity helps to reduce re-offending by makNvJ grants for education and training. lcds of Iradg, dothing and household equipment lo pris( leavers. The Chanty also gives to families of serving prisoners. pn"m8rity to enable thiklren to nnect ilh thsir parent whdst that nI is in prison.
SHERIFFS. & RECORDER'S FUND ANNUAL REPORT OF THE TRUSTEES YEAR ENDED 31 MARCH 2025 ACHIEVEMENTS AND PERFORMANCE A summary of the finanoal resuHs arKt Work of the Charity is sel OLrt below. During the year the CharÈty made a totsl of 1.240 graEts12024- 1.224} amounting to £308,871 {2024- £283,723).. 2025 2025 2024 2024 Individuals Projects 1231 242.351 1.219 235,223 48.5 1.240 308.871 1,224 283.723 2025 2025 2024 2024 HousehrAd 8quipmwl Clothing Education & training Tools of trade Olhers 98,641 104.99T 44,356 17.857 43.020 92,356 99,644 68.243 11,480 12,000 655 97 63 81 1.240 308.871 1.224 283.723 The number of grants made to individuals of 1.231 {2024 - 1.2191 increased by 1%, whilst the total value of those grants was 3% higher than the prevwyjs year. (erall. the average grant to individuals increas&J from £193 in 2024 10 £197 in 2025. Donated Services The City of London Corporation provides the use of Offi accommtxlab.cffj and services, light and heat free of chargè. The value of these serVS is difficu to quanb.fy and therefo ha$ not been indud&J in the Statement of Financial Acbwb"es. Plans for Futurg Periods The Tnjstees aim to maintsin the Oicies whth enab the Charity to apply all donated inujme arKI income from fundraising events to granis and the funding ol rehabilitation projects. Rg90ryos Polley The Trustees aim to maintsin free reserves in unr8slricled funds order to facililatg thg maintenan¢è of Charity's investmeni porttollc6 at 8 level Ihat wtll enatrAe it to generate rebJms suffiuent to cover its running (x)sts arml to fund all eligibk ant applKations. Investment policy The Trustees are mindftjl of the sc¢i8f and envifonmentsl impacts of the Compani in %thich the Fu is invested and. in appointlng the Investrnent Manager. the Trustees have delegated full investment iscretion on the basis that the Investment Manager has an aL*"ve polKy and s81 of procedures with regards lo Environmental. Social and Govwnance issues. The Tr$ expecl the Investment Manager to discharge its dub.es on beham ol the Fund a way that fIec1S the Trustees, desire lor thè Fund to be seen as a responsitAe and ethical asset owner. The Trustees seek to thiri from investrng directty las opposed to through colkntiv8 Thiestrnent vehides) in mpanIeS tt1 a wholty or mainly involv& in the manLrf8ctU or production of duster Mun[hS. thernial coal, Mograp.¢ material or gambling.
SHERIFF5' & REGORDER'S FUND ANNUAL REPORT OF ThE TRUSTEES YEAR ENDED 31 IAARCH 2025 FINANCIAL REVIEW The Charity has a pernianent en(knwmenl of £56,408 aFKI fystricte(F funds of £22.313. All other reseryes amounting lo £1.699.86512024- £1.718,493) are unrestricied for use in accordan¢e with the charitable objectives of the Charity. In the yearlo 31 Marth 2025. Ihe Charity recorded a surplus of £23,66412024 £55,11418fter tsking into account exceptsonal other inrne of £21.564 (note 6 to the financial statements refers) and nèt losses on investments of £20.36812024- £14.589 gains). STATEMENT OF TRUSTEES, RESPONSIBILMES The TTUStees are responsible for weparing the Annual Repcfft of the Trustees and the finarrial statements in a(rdae wslh applutrAe law and regulations and United lQrwJdom Accounts"ng Standards (United Kingdom Generty Accepted ALxxyJnkn"ng Praclicel. The law apFAicable to ¢haribes in England and wa requires Ihe TnJste8s to prepare finanaal statements for each financial year which give a true and fair view of the state of affairs of tre Charity and ol the incoming $01¢e$ and application of rurCeS of the Charity for that year. In preparing these financial ststements, the Trustees are required lo." seiect suitable accounting pol10$ 8nd then appty them consistenlly: observe the methods and wincs In the Chaiibes SORP: make judgements and aeccojnting estimales lJ)at are reastble a1 prLMiert prepare the finanaal ststements on the going con(m basis urkn it is inappropri*e lo presume that the Ch81ity wll continue in operati. The Twstees are responsible for keeping proper aTr))unling records Ihat dBdose with asonable accuracy at any llme the financial pillon of the Chanty and enat4e them to ensure that the financial statements ¢omply th the Charities Ad 2011. the Ch8nty IAccc4Jnts and Reports) Regulations 2008 and the provisions of the Trust Deed. They are also responsible for safeguarding the assets of the Charity and hence for taking reasonat4e steps for thè prevention and detection of fraud and other irregularities. INDEPENDENT EXAMINER JCA Accountants will be protA)sed re4ppointinenl as irwjept examiner for the ensuing year at Ihe nexl Annual General Meetiry lo hehy at a ¢Jale yel to be amM)unc£d. Signed on behaff of the Trustees". Lady R Chair Date.. 23 June 2025
?ndont Examlnèvs Report On The Accounts (Acrnials Ac¢ounts) Rek to the trustees of The Sheriffs. & Re)je$ Fut¥J Charity Nufflber.. 221927 On accounts for the year 8nded 31 k18rch 2025 Set out on pages 6t0 16 Respective responsibilities The Charity's Trustees are resPr1b1e for the preparatx)n of the accounts. The of trustees and examiner Charitys Trustees consider that an audit is not required for this year (under section 14412) of the Chilies Ad2011 {the 2011 Acll) and that an independent examination is needed. Et is my resFwsiblty to examine the a(tDunts urKler secbon 145 of the 2011 Act, to folk)w the procthres laid down in the ger¢erdl Directions given by the Charity ComMissn urKler seclion 14I51{bl of the 2011 Act. arKI to sL7te whether partlar matters have come to my attention. Basls of Ind•nd8Tht examiner's ststement y &xamination cale(l ¢xrt in accd with gener81 Dlwth)ns Ven by the Charity CommissK)n. examination inclLKles a revFew of the a(wuntsng records kept by the tharity and a comparison of the 8c¢ounts presented with those records. 11 also indudes a)nsideration of any unusual items or disdosures in the aUnIS and seeking explanations from the trustees conceming any such matters. The prOceduS undertaken do not provi(le al the evtden¢8 that wtsuld be tsquired in an audit, and )nsequenty no opinion is gNen as to whether the accounts wesent a 'lrue and fair view and Ihe report is knmited lo those matters set out in the ststement below. Ind•p•nd•nt oxamlnrf¥ statement In Ix)nnectv)n WTlh my examination. no matter has come to my attenlN)n.' {1) which gNes me reasoftable to leVe thaL in any material respect. the uleMents.. k) keep &tounting re(x¥th in a(wrdan(E wtih 5ecfiQ 130 of Ihe 2011 Act, and tr) ppare ac(xwnts Vthh acclxd with the atnting reo)rds and comply with Ihe accoLFnling reollrements cf the 2011 Act h8ve not been meL c to whith, in my onN)n, attention shoukj be drawn in order to enae a Pro wlanding of the aLtxyJnts to be reaGhed. 12) Signed De. 23 June 2025 Name: Jale Crouch Rolevant professional quallflcatlon or body A5SLxiakn of ArUnting Tethnar Address 12 B?mble Rise Cobhaln Surrey KT112HP
SHERJFFS. & RECORDEifs FUND STATEMENT OF FIP4ANCL4L ACTMfiES YEAR ENDED 31 AIARCH 2025 Totsl Funds 2025 Totsl Funds 2024 Unrestricted Restrictsd Investrnent funds funds fund INCOME Income from.. Donations and cleS Fundraising activrties Income frotn irwestments Other inojme 195.154 160,8S9 14234 46,957 21.564 195,154 175,093 46.957 21,564 197,253 97,598 55,584 35.121 TOTAL INCOME 424.534 14.234 438,768 385,556 EXPENDITURE Expenditure on.. RaSsing fvjnds Charitable acbvilies Other 17,6271 {348,2841 (19.5201 (19305) 17.6271 11.568) 1367,8041 (335.711} {19.3051 17,752) TOTAL EXPENDITIJRE (375216) (19.520) 1394,7361 1345,0311 NET INCOMINGI IOUTGOINGI RESOURCES BEFORE GAINS AND LOSSES ON INVESTMENTS 49.318 (5,286) 44,032 40.525 Investment gainslllosses) 15 119,692) 16761 (20.368) 14,589 NET INCOMEIIDEFICIT) 15286) 16761 23.664 55,114 RECONCIUATION OF FUNDS Total fvn(Js brought foThvard 1.718,493 8.470 1.754.562 1.699.448 Transfer between funds 19. 21 148254) 48254 TOTAL FUNDS CARRIED FORWARD 1.WJ9.865 22.313 56,048 1.778.226 1.754,562 The Ststementof FinanckAI ActIv6ti includes al g81nsand k)sses in ts year8r. therefore, a ststement of comprehensive income has not been prepare(l. All of the above am(xJnts late to conbnuing acts"tIes. The notès on pages 8 tG',t farni part -_- ttnanclal stat&nt&
SHERIFFS & RECORDER'S FUND BALANCE SHEET 31 MARCH 2025 2025 2024 FIXED ASSETS TangiNe assets Irtrvestments 14 15 3,238 1.718.880 1,201 1.708.197 1.722,118 1,709,398 CURRENT ASSETS Debtors Cash at bank and in hand 16 26.503 35.194 24,278 27,6C 61,697 15.589 CREDITORS: Amounts falling due thIn one year 51.884 142201 17 NEf CURRENT ASSETS $6,108 47,664 TOTAL ASSETS LESS CVRREKt LIABILMES 1.778226 1.757.(2 CREDITORS: Amounts falling du8 after more one year 12.5001 NEf ASSErs 1.778,228 1.754.562 FUNDS Irwestmenl Restricted income fuf)ds Un$trted funds 19 56,048 22,313 1.699,865 8,470 27.599 1,718.493 21 TOTAL FUNDS 1.778.226 1,754,562 These financk71 stalwnents wern apwoved by the Trustees and authorised for issue on 23 June 2025 and are signed on their hair ty: SS811 Chair The not•s on pages 8 to 16 form part ofth85¢ flnandal Statements.
SHERIFFS. & RECORDER'S FUND NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2025 ACCOUNnNG POLICIES Basls of accountlng, significant judgements and assessment of going concern The financial stslernenls have been prepar&1 under the histortral cost convention. exc8pI for investments which are induded at market value. The financAal statements have been prepared In 8ccordance wilh the charit5 Act 2011 and in accord8nce with the StsteMt of Recommended Practice ISORPI.. Acoyjunting and Reporting by Chariba$ preparing their accounts in accordance with the Financid Reporting Stsndard appltsble in the UK aThY Rewblic of Ireland {FRS1021. The Charity consblutes a wblic benefit entity as defined ty FRS 102. The Trustees con8iderthatthereare no material CertaInbe5 abcArtthe Charsty'sabilityto La)ntinue as a going (xjnwn. Fed ass•ts Al tangible fixed assets are inalty reed at cosL Depreciatlon Depreciation is Gal(xdated $0 as to write off the cost of an a55eL less lis estimated resttjual value, over the usetul econonwc life ofthat et 8$ folkn¥s: Office Equipment- 25% Computer Equipment- 20% Taxatlon The Charity is exempt tsx on its charila)le actNities. Investments are a form of basic financial instrUnI and are iritialy recpJrded al their transactron ¥ue and are subsequentty measured al their fair value atthe balan sheet datè using the ctosing quote¢J market prir£. The Statement of Financial Acttvihes induoes the net gains and losses arising on revaluatS and disposa& througlKWt the year. Th Ch8rity does not acquire put options, derivatives or other complex financial instrumenls. The main form of finan¢ial risk faced by the Charity ts that of volatility in equity mathets and investrnent martKets due to wider economic condTtions and investment sentiments conwning equities in certain Sectors. Investments also indude cash 1 for rstment purw)ses. Valu8 add•d tax ValLse Added Tax is nol re(X)Verab by Ihe Charity and as such is Clsed in the relevant (x)sts in the SlateTrt of FInarlat Acvitses. Fund accounting Unrestr¢ctd funds can be used in accordance wilh the charitable objethes al the discretion of the Trustees. RestriGted furKls only be used for parbcular restrid&J ptsrph)ws w¢thln Ihe obiects of the Charty. Restrictions artse when specthed by the don when fvnds are raise(J for particular restricted purposes. The Investrnent fund 1$ a pemianent endowm[ indurfiThJ nel inveslmenl gains, arising from the amaiqamation of the Sheriffs. & Recorderfs FurKI and The John and NeHy Norris Fund. The Tw51ees are to invesl the wital n Fery)etuity. the in(x)me from wl)K* %tholty unrestricted for the general purposes of the Charity. Further explanation ofthe nalurg and purpw ofeath FvThJ i% Wude in the notes to the financial statemenls.
SHERIFFS, & RECORDER'S FUND NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2025 Incom• Incoffie is accounted for when ihe Charity has entitlemenl to the ino)me. il is probable th81 the income will be received and the amount of ine4)me recerved can be measured reliably. Donations a recogntsed when the Charity has been nobfEd in wrTrbng of iK)th the amount and the setllemenl date. Interest on funds hekj on deposit is induded when re¢eNab and the amount Can be ffleasured reliably by the Charity. Olher invesbnenl income is reccwJnised when r1ved and no15ffed by the manager of the Charity's invesbnent rKJrtfofK). In the maprity of instances. after apF4ying the ty wuined above. donatK)ns, grfl aid. legacy and inveslmenl income are rttoJnised on a r1ved basis. Event income is recognised when theevent Where the economic benefit can be acL%rdtety measured, dCated serwcas and facilities are recryJnised as restricted Iome when the economic benefft is trarfeThed. Expondltu Liabilities are reo)gnised as expendtiure as S(m as there is a legal or constFUCttve oblNJation commrtting the Chanty lo that eXpendre. is probable that setllemenl will be required and the amount of the obllgaknn can be Measur rdiabty. Expendrture 15 acrwnted for on an accruals basis a1 has b das5thed under headings that aggregate all cost Telated to the calogory. whe o)sts cannot be directly attn"buled to particular headings they have ken alk)cated to aclivilies on a bags consislenl w4th the use of resources. Grants offered subject to cx>rlOnS which have not been met at the yearéThJ date are noled as a cxKnmttrnent not a¢x•Jed as extendriure. 100% of support costs have ten alkyaled to tharitsbl8 aciNtl as majoiity of rescNJrces thin the fund are used for a[19 gants. DONATIONS AND LEGACIES 2025 2024 Donab"or 195,154 197,253 FUNDRAISING EVENTS 2025 2024 Income Shertffs, Bike RKI8 to Nottingham Sherrffs, Old Bailey lurKhes Trial & Error event Sherrfts, InsLFrers Appe Old Bailey Choir conrtS Livery Company Gdf Day {restri¢tsJ) Dial Medicine for Murder Shertff s COrt Exhibth and Sale of JL's wrtraits Peal Appe Sheriffs. Ball Grfl Shop sales Shenffs, Horse Ride in the Cty Sheriffs Last Stand 46.757 27,661 23,883 12,367 12,091 14,234 14,983 5,750 13.971 20,648 20,500 3,371 15.000 8.886 7,390 4,928 4.299 6,166 4,757 175,093 97,598
SHERIFFS, & RECORDER'S FUND NOTES TO THE RNANCIAL STATEMENTS YEAR ENDED 31 MARCH 2025 FUNDRAISING EVENT COSTS AND SURPLUS ON EVENTS 2025 2024 Event costs Trial & Efror costs Old Bailey Chjir conc8rts Dial Mediclne for Murder 653 915 3.629 7,627 1,568 Surplus on events Sheriffs, Bike Ride to Nottiroham Sheriffs. Old Bailey lunches Trial & Error event Sheriffs, Insurers Appeal Old Bailey Ch¢ii coneerts Livery Company Golf Day (restricted) Dial Medicine for Murder Shertffs Consort ExhIb"On and Sale of Judge's portraits Peal Appe Sheriffs, Ball Grft Shop sales Sheriffs. Horse Rfde in the Ctiy Sheriffs Last Stand 46.757 27,661 23,883 12,367 8,462 14,234 10.985 5.750 13.971 19,995 20,500 2,456 15,000 8.886 7,390 4,928 4.299 6.166 4,757 Total surplus ¢)n fundraising gvents 167A66 96,030 INCOME FROM INVESTMENTS 2025 2024 DNidends and inteSt reK*ived 46,957 55,684 OTHER If4COME 2025 2024 Grants rebjmed or vrt¢tten back 21,564 35,121 10-
SHERIFFS. & RECORDER'S FUND NOTES TO THE RNANCIAL STATEMENTS YEAR ENDED 31 MARCH 2025 EXPENDITURE ON CHARITABLE AcnvmES BY AcTrTY TYPE 2025 2024 Indlvldual grants: Clothing Househotd equipment Educabon & Training Tools of tr8de 104,997 98.641 20,856 99.644 92,356 31,743 11.480 242,351 235.223 Project grants: New kitchen equpmsn HMP1sis (use of Restn"cted funds) Give a Book- HMP Isis (use of Restrtcled fvndsl University of the Arts- HMP I)ownv Chess in Prisons- HMP Brixton Women in Prisons PACT (Prison Aijvice & Cwg Trust) Standoul Programmes Other projecls Onwards and Upwards 3 Allars Pr- HMP Feltham (use of ReSt1K funds} 4879 7,500 10.000 6.000 6,000 5,000 10.000 7,500 29,000 6.000 5,0 10.000 7,141 66.520 48,51K) Total grants Support costs: Staff costs Isee note 11) Depreciatxjn (see notes 10 & 14) Insurarlce Telephone Postage & Stalionery Bank tharges General expwses Total support costs 308,871 283.723 44.147 425 194 1.117 2,516 857 41,448 302 536 744 1,655 835 2,844 53.830 48,364 Governance costs Is88 note 9) 5.103 3,624 Tolal Charltsble A¢tivib 367.804 335,711 OTHER EXPENDrruRE 2025 2024 Independent Impact Assessment Investr78nl manage fees 7.905 7,752 19.305 7.752 11
SHERIFFS. & RECORDER'S FUND NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2025 GOVERNANCE COSTS 2025 2024 Ind8pendenl Examinerfs fees AGM eXnseS 1,320 3,783 1,320 2,304 5.103 3.624 10. INCOMWG RESOURCES FOR THE YEAR This is staled after tharging.. 2025 2024 DwttiatM)n Ind8wJdent Examinerfs fee for the fin8ncAal statements 425 1,320 302 1,320 11. STAFF COSTS AND EMOLUMEKrs Total Staff costs were as follows: 2025 2024 Wages and &*rEs Empwe pension costs 43.481 666 40,816 633 41147 41.448 Particulars of employees: The aver8ge ryjmber of empbyees the year, calajlaled on Ihe basis of fulktime equiv31enls, wag as folk. 2025 No 2024 No Full time 1Valent numtwof admnistrative slaff During the year 212024- 21 member5 of staff for Ihe Chaiity on a part bme basi8. No employee remuneratM)n of nre than £60.( the year12024- Nil). 12. TRUSTEES, AND MANAGEMENT REMUNERATION AND BENEFrrs The Tnjslees (who are u)nsidered to fepresent thè key management of the Charity) all give freety their time and expertsse wtfM)ut any foTm of remunerati or any other knmi of benefrt in cash or in kind. There was no Trustees. r8murwatton nor other bets for the ye8r ended 31 March 2025 12024- Nill. Trustees. expènses There were no Trustees. expenses paid (Dr the year ended 31 March 2512024- NII}. 12-
SHERIFFS. & RECORDER'S FUND NOTES TO THE HNANCIAL STATEMENTS YEAR ENDED 31 MARCH 2025 13. COSTS OF ADMINISTRATION 2025 2024 Support (x)sts (note 7) Govemance costs (note 9} Total running costs Other Costs Inole 81 53,830 5,103 58,933 19,305 48.364 3,624 51,988 7,752 78.238 59.740 14. TANGIBLE FIXED ASSErs FlxtUTes a Fittings Computer Totsl COST At 1 April 2024 AddS 6,501 1.760 1,232 702 7,733 At 31 March 2025 8361 1,934 10.195 DEPRECIATION Al 1 April 2024 Charge for the year 5.310 202 1,222 223 6,532 425 At 31 March 2025 5.512 6,957 NEf BOOK VALUE At 31 March 2025 2.749 3.238 Al 31 March 2024 1,191 10 1,201 1& INVEST•AEprrs 2025 2024 Movement in market value Market value al 1 April Acquisrtions al cost Dlsposats at cost Net profitslllosses) on revalUatiC in the year ma&t value al 31 March Cash awathng reinvestrnent at the year erKI 1.641.003 1.643.259 417.795 330.164 1253.149) {319,1631 161366 13.257 1,643283 75,597 1.641,003 67.194 Total 1,718MO 1.708.197 Historical cost at 31 M8rth 1.245.893 -13-
SHERIFFS & RECORDER'S FUND NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2025 q& INVESTMENTS IconlTrnuedl Net galnsl(lossesl on inveslments 2025 2024 Dtssy)sal proceads Disposa15 al cost Nel profil on distThals in year Net profitsl{k)ssesl on revaktalions th8 year 395,147 253,149 141.998 1162,3661 347.000 319,162 27,846 113,2571 Not gainsl{loss8s) on Invoslmènts 120.368) 14,589 Analysis of inVestMt$ between funds At 31 March 2025 Unrestrithd Funds Restricted Fund Inveslment Total Funds Fund 2025 UK Cash part of Forffc4io Investments 75.597 1.622214 9.714 11599 75,597 1,643.283 1,697.811 21313 56.408 1.718.880 At 31 Mar¢h 2024 Unrnstrlthd Funds Restyicted Fund Investment Fund Total Fund 2024 UK Cash part of Pork) Investmersts 52.194 1.619.934 15.000 12.599 67.194 1.647.003 8.470 1.672.128 27,599 8.470 1.708.197 The inveslment assets noted above held n an investmenl Gonsi5ting of seGurities, unil Irusls and treasury bonds for the current and previotss finan year. These investments are held primardy to pn)vt(te an investment r0M forthe L*arity. From the total value invested a sum of£1.134.16012024- £1.121.6041 represents investment assets in the UK and £488,054 {2024- £519.3991 presents investrrwt assets outside the UK. 16. DEBTORS 2025 2024 Amour¢t reIVatIe from Trial & Error event PrepayIr7ts 20.765 5,738 20,648 3,630 26,503 24,278 -14-
SHERIFFS & RECORDER'S FUND NOTES TO THE FINANCIAL STATEMEp¥rs YEAR ENDED 31 IAARCH 2025 17. CREDrroRS: Amounts fall1r due wrlhin one year 2025 2024 Accruals for sundry expenses PAYE & National Insurance 5,020 569 4220 4220 18. CREDtroRS: Amounts faHing du8 after mre Ihan one y88r 2025 2024 Sundry tzeditors 2,500 19. INvESTmEP FUND At 1 April 2024 Transfer on adoption of Total Rettjm re*Aubcffl (note 21) Increaselldecrease) in caprtal value in year 8,470 48.254 16761 At 31 March 2025 The Investment Fund 15 a pernnent endownxnl arising from the amalgarnaknn ofthe Sheriffs. and Recorder's Fund anLf The Jom and Neuy Norris FurKI. 20. RESTrICTED INCOME FUNDS Balance at l Aprll 2024 In¢oming Outgolng Balance at rosources 31 March 2025 Restricted Funds 14.234 19.520 22,313 The increase in restricted fuThts during the year Is in respect of itKome from the Livery Comparry Goff Day, whith is lo be used to fvnd rehabilitation woiects for young offenders. cxpendiiure of restricted funds ccmmprised expenditure on rehabililation projects for young offerhders al HMP ISIS and HMP Feltham. 15-
SHERIFFV & RECORDEIYS FUND NOTES TO THE F114ANCIAL STATEMENTS YEAR ENDED 31 PIARCH 2025 21. U14RESTRICTED INCOME FUNDS Unapplied Other Total Designated Rgtum Funds General Total At 1 April 2024 Transfer to Inveslmenl FuNt {nole 191 Inujming resources Outgoing resources Transfer lo General Fund Net ktss on revaa"on of investments 271.359 1.160,809 (27,0541 46.957 (7.9051 158.933) 119.692) 286,325 1.718.493 (21,2001 148.2541 424,534 1375,216) 377.577 1367,311} 58.933 (19.6921 At 31 March 2025 340.558 1.094,182 265,125 1,699,865 The transfer to the Investment Fund durw the year aTises as a wult of the Truslees adopting Total Relum mandate for investment rnanagennI al the beginning of this financial year. 22. RELATED PARTY DISCLOSURES During year the Trustees dollaled a loL71 of £7) (2024- £800110 the Charity. There were no other related party transaCtKm duriw the year (2024- Nil). 23. ULTIMATE coKfROLLING PARTY Thefe was no ultimate o)ntrolh'ng party during the year ended 31 Mad1202512024- NA). 24. POST BALANCE SHEET EVENTS There have beèn ro events subsequent to 31 Marth 2025 {2024 - Nil) which would requife discbsure in or adjustment to I1 accounts. 25. CAprrAL COMMITMENTS AND coKnNGENT UABILtTIES There were no Gapitd (xJmmiEments or tingent liabilibes requirir¥J dL8dosure at 31 March 2025 (2024- Nil}. 16-